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MeridianLink, FICO Partner On Lending Models
SAN JOSE, Calif. (6/24/13)--MeridianLink, developer of a multi-channel account opening and loan origination platform, and FICO, a predictive analytics and decision-management software company, have partnered to provide their credit union and mutual bank clients with access to FICO's small-business and consumer-lending models.

The solution will combine MeridianLink's loan origination platform, LoansPQ, a Web-based consumer loan management solution, with two sets of models built by FICO on pooled data representing thousands of loans: FICO Consumer Application Risk Models and the FICO Small Business Scoring Service (FICO SBSS 7.0).

Launched in October, FICO SBSS 7.0 is a scoring service for assessing the risk of U.S. small-business credit applicants. FICO ARM 3.0 helps assess risk for consumer portfolios and market segments.

The combined MeridianLink and FICO solution will help credit unions and banks generate instant loan decisions for home equity lines of credit, auto loans, credit cards, commercial loans and other loan products. By using FICO analytics, lenders can speed loan decisions while reducing delinquency and charge-off losses, approve more applicants, increase profitability, streamline operations and ensure regulatory compliance, the companies said.


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